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Home » Store » News » Nonprofits Seen as Receivers for Servicers’ REOs

Nonprofits Seen as Receivers for Servicers’ REOs

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Nonprofit organizations are eager to purchase real-estate owned and foreclosed properties from servicers, according to the Office of the Comptroller of the Currency. In some cases, servicers can even fulfill Community Reinvestment Act obligations by selling REOs to nonprofits. The OCC’s March Insights publication detailed servicers’ efforts to partner with community...
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